Successful Type 47 Bar And Restaurant
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $900000
Net Profit / Cash Flow $180000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1970
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description Successful Type 47 Bar And Restaurant With $180,000 Profit
RRC#: 1765
Asking Price: $395,000
Location: South Lake Tahoe, El Dorado County, California
Yearly Revenue: $900,000
Yearly Cash Flow: $180,000
Monthly Rent: $4,100
LISTING DESCRIPTION:
Lake Tahoe, California. A beautiful place to own and operate your own business. Summer Lake beaches and winter skiing. A truly magical mountain resort. This business has been in the same ownership for over 10 years. The sale includes a Type 47 full liquor license, fully equipped kitchen, bar and restaurant, 4 walk in refrigerators, a 20 feet line kitchen complete with ovens, broilers, fryers, 6 reach in refrigerators, multiple flat screen TV's and bar and restaurant seating for over 200. Large outdoor Bar and yard catering to many wedding receptions. Ample parking for 40+ vehicles, high visibility signage and a superb locals reputation. There are many more attributes worth mentioning, but due to confidentiality can only be disclosed to interested, well qualified parties.
GENERAL INFORMATION:
Organization: Other | Year Established: 1970 | Current Owner: 2002 | Seating: 200 | Square Footage: 5,000 | Parking: Parking lot | Licenses Required: ABC Type 47 (hard liquor), Business, Health | Days Open/Hours: 7 / 11:30a-1a | Reason For Sale: Other interests |
FINANCIAL INFORMATION:
Yearly Revenues: $900,000 | Yearly Cash Flow: $180,000 |
LEASE INFORMATION:
Monthly Rent: $4,100 | Lease Expiration: 2017 | Yearly Adjustment: 2% every two years | Lease Option: 5 years | Security Deposit: $3,500
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